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Barchart
Barchart
Jim Wyckoff

The Tide Is Turning Bearish for Grains Futures Prices. How Long Will the Selling Pressure Last?

United States Donald Trump Oil China USDA

In mid-February, the corn (ZCK25) and wheat (MWK25) futures markets were enjoying bullish price uptrends and scored multi-month highs. Soybeans (JSK25) future prices were trending up in early February and hit a four-month high. And then in late February, the proverbial bottoms fell out of the grain futures markets. Prices in all three markets are now trending down on the daily charts. What happened? And how long will the price pressure last?

www.barchart.com
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